I cannot argue that we are not coming into the Asia (and particularly China) century, and so will not.
China seems to have a collection of very bright folks, willing to work very hard, and up to now, for very reasonable wages.
They are not wasting their energy on wars, except briefly to eat Tibet, and toss a few missiles in the sea near Taiwan.
They appear to be commercially astute, knowing that win win situations are the only way to have ongoing mutually profitable business. It is a good way to make business and make allies.
As for Australia, it is already economically tied to China. I am not sure it will want to be politically tied to China... but of course, may have no choice...
As for Israel, it lives in a rough neighborhood. I am sure it would like to live in harmony with same, but without giving up its identity, ethnicity, or religion.
In that neighborhood this is a tall order.
The US has become weaker since the 1960's... Without a strong economy, it is impossible to field a strong military.
This is clear to some, but others are still true believers in the old order. Even for those, in war, clear eyed sanity should rule, else disaster.
If we are to see a world depression any time soon (no, I don't know when) I expect it will be as hard or perhaps harder on China than on the US...
China is like the US in the late 1920's... heavy on manufacturing and needing markets. If those markets stop buying, there will be much over capacity and unemployment... a volatile mix especially if prices are rising (as they are now).
In the longer run (and of course, if there is no world wide depression) this appears to be the century of China, India, and perhaps Russia (if it can get over its corruption, its Tzars, and have true rule of law).
In any case, that's how things look from here.
Best wishes, and be well... and of course accumulate what is real.
RJA |
